Buffington Mohr McNeal Has $984,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Buffington Mohr McNeal lowered its stake in shares of Carrier Global Co. (NYSE:CARR) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,409 shares of the company’s stock after selling 937 shares during the period. Buffington Mohr McNeal’s holdings in Carrier Global were worth $984,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CARR. Public Sector Pension Investment Board lifted its stake in Carrier Global by 59.5% in the second quarter. Public Sector Pension Investment Board now owns 35,885 shares of the company’s stock valued at $2,264,000 after acquiring an additional 13,385 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in Carrier Global during the second quarter worth $372,000. Creative Planning raised its stake in shares of Carrier Global by 4.3% in the 2nd quarter. Creative Planning now owns 453,571 shares of the company’s stock valued at $28,611,000 after acquiring an additional 18,895 shares in the last quarter. NewEdge Advisors LLC grew its stake in Carrier Global by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 35,001 shares of the company’s stock valued at $2,208,000 after buying an additional 1,058 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Carrier Global by 2.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 40,296 shares of the company’s stock worth $2,542,000 after purchasing an additional 884 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR stock opened at $67.36 on Tuesday. The stock has a market cap of $60.44 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36. The stock has a 50-day moving average of $71.42 and a 200-day moving average of $72.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32.

Carrier Global announced that its Board of Directors has approved a stock buyback program on Thursday, October 24th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio is presently 22.78%.

Analyst Ratings Changes

CARR has been the topic of several recent analyst reports. Oppenheimer lifted their price target on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Mizuho boosted their target price on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Bank of America increased their price target on shares of Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Northcoast Research began coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.